Jun. 20, 2009 - developer haircuts at 15 East 26 Street, 333 West 14 Street, 50 West 15 Street + 246 West 17 Street
taking the money and running
In looking at recent loft sales, I came across these five cases (in four buildings) in which a Manhattan loft developer took a pretty good discount from the last asking price to close a deal. In one case*, it is the first closing in the building; in the others, these are close to the last. Just for fun, I have also included the original asking prices for these lofts.
| |
closed on |
cleared at |
last ask |
original ask |
15 East 26 Street #14C
15 Madison Square North
|
June 10 |
$1.45mm |
$1.75mm |
$1.8mm |
333 West 14 Street* #5
The Prime
|
June 8 |
$2mm |
$2.65mm |
$3.275mm |
50 West 15 Street #4E
The Oculus
|
June 2 |
$1.19mm |
$1.565mm |
same |
| 246 West 17 Street #1B |
June 9 |
$998k |
$1.295mm |
$1.45mm |
| 246 West 17 Street #1C |
June 4 |
$1.35mm |
$1.995mm |
$2.225mm |
That is a lot of clipping.
© Sandy Mattingly 2009
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